Polymarket Seeks $1 Billion Valuation Amid Surge in Stablecoin Demand

Polymarket is pursuing a $1 billion valuation in a funding round led by Founders Fund. Key points from Coinbase analysts' report include:

  • All trades on Polymarket settle in Circle's USDC on Polygon, increasing demand for the stablecoin.
  • The platform has processed over $14 billion in trading volume, with May reaching $1 billion and daily active traders between 20,000 and 30,000.
  • After U.S. President Donald Trump's re-election in November 2024, monthly volume surged to $2.5 billion, leading to increased USDC transfers.
  • Stablecoins are enhancing real-time market infrastructure, with potential growth from a new content partnership with X that may promote prediction markets as social content.